Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for India
INDCP050000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.19
Year-over-Year Change
23.05%
Date Range
1/1/2014 - 1/1/2019
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in India measures price changes for a basket of household goods and services. It is a key indicator of inflation and consumer spending patterns.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CPI Furnishings, Household Equipment and Routine Household Maintenance series tracks the prices of items used for home maintenance, decor, and appliances. This index is a subcomponent of the broader Consumer Price Index, which economists and policymakers use to monitor overall price levels and inform policy decisions.
Methodology
The data is collected through surveys of Indian households and businesses.
Historical Context
The CPI Furnishings, Household Equipment and Routine Household Maintenance index is used to assess inflationary pressures and consumer demand in the Indian market.
Key Facts
- The base year for the CPI Furnishings, Household Equipment and Routine Household Maintenance index is 2012.
- India's CPI Furnishings, Household Equipment and Routine Household Maintenance index reached a record high in 2022.
- This index is a crucial input for policymakers tracking consumer demand and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The CPI Furnishings, Household Equipment and Routine Household Maintenance index measures the changes in prices for a basket of household goods and services in India.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer spending patterns and inflationary pressures in the Indian market, which are crucial for economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Indian households and businesses.
Q: How is this trend used in economic policy?
A: The CPI Furnishings, Household Equipment and Routine Household Maintenance index is used by the Reserve Bank of India and other policymakers to monitor consumer demand and inflationary pressures, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI Furnishings, Household Equipment and Routine Household Maintenance data is published monthly with a short lag, providing timely insights into Indian consumer trends.
Related Trends
International Trade: Ratio: Exports to Imports: Total for India
XTEITT01INM156N
Production: Mining: Total for India
PRMITO01INQ661S
Outstanding Domestic Public Debt Securities to GDP for India
DDDM04INA156NWDB
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for India
INDFCSODCXDC
Use of Financial Services, Assets: Outstanding Loans at Other Financial Intermediaries for India
INDFCSMXDC
Number of Identified Exporters to India from Michigan
MIINDA475SCEN
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for India (INDCP050000GYQ), retrieved from FRED.